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PARIS, Nov 6- France is to grant 20 billion euros in annual tax credits to companies as a way of lowering labour costs, in a tougher-than-expected response to calls from business leaders to reverse decades of industrial decline. `` France is not condemned to the spiral of decline. `` France must win back its role as a great industrial power.''.

PARIS, Nov 6- France is to grant 20 billion euros in annual tax credits to companies as a way of lowering labour costs, in a tougher-than-expected response to calls from business leaders to reverse decades of industrial decline.

PARIS, Nov 6- France is to grant 20 billion euros in annual tax credits to companies as a way of lowering labour costs, in a tougher-than-expected response to calls from business heads to reverse decades of industrial decline.

PARIS, Nov 6- France's Socialist government unveiled measures to bolster the struggling industrial sector and make exporters more competitive but Tuesday's package fell short of the shock therapy industry leaders are urging.

PARIS, Nov 6- President Francois Hollande will unveil measures on Tuesday to revive France's struggling industrial sector and make its exporters more competitive, although critics say that the package falls short of much-needed shock therapy.

PARIS, Nov 5- French industrialist Louis Gallois called for a patriotic effort to reverse declining competitiveness via shock therapy as he handed in a review on Monday which the Socialist government commissioned and is now under pressure to heed.

GREEN BAY, Wisconsin- President Barack Obama and Republican Mitt Romney were back on the attack on Thursday, breaking a storm-induced campaign truce to hit the road and pound home their closing messages in the final stretch of a tight battle for the White House.

*Improved conditions do not change view Spain needs bailout. MADRID, Oct 31- The longer Prime Minister Mariano Rajoy puts off asking for aid from the euro zone, the greater the risk of further financial turmoil and an even worse recession in Spain, analysts say.

PARIS, Oct 29- In the rich lexicon of Brussels acronyms, a new treasure has entered the vocabulary since June: GEMU. It stands for Genuine Economic and Monetary Union, a term used in the conclusions of the last two European Union summits in a tacit acknowledgement that the single currency created by the 1992 Maastricht Treaty was flawed and woefully incomplete.

*Strong headwinds remain, with growing focus on France. BRUSSELS, Oct 30- Europe has won the immediate battle to save the euro, but the war to make the single currency sustainable in the long run has only just begun.

PARIS, Oct 26- Greece's opposition leader denounced international lenders' demands as dealing the ``final blow'' to a devastated economy but said on Friday he would not seek to bring down the government.

PARIS, Oct 26- Greece's opposition leader denounced international lenders' demands as dealing the ``final blow'' to a devastated economy but said on Friday he would not seek to bring down the government.

Douglas Yates, assistant professor of political science at the American University of Paris, tells CNBC that it is unusual how rapidly presidential approval for Francois Hollande has fallen, with his ratings as low as late Sarkozy.

Although the leaders meeting in Brussels said their decisions on the watchdog _ the single supervisory mechanism _ were key to shoring up lenders and eventually giving them access to loans from Europe's bailout fund, many observers were struggling to figure out exactly what had been achieved.

BRUSSELS-- European Union leaders announced early Friday they had agreed to create a single supervisor for banks in countries that use the euro, and said it would "probably" become operational sometime next year. France has been pushing to get all 6,000 banks in the 17 euro countries under the supervision of one European body by the end of this year.